Ryman hospitality properties, inc. (RHP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows from Operating Activities:
Net income

-50,736

38,450

20,890

46,284

22,670

159,194

22,591

55,546

27,339

72,318

23,870

47,292

32,620

48,096

33,593

51,331

26,346

38,899

26,691

41,389

4,532

62,678

15,130

27,991

20,653

30,162

18,031

16,379

53,780

-14,952

-26,674

8,954

6,028

5,103

-1,606

8,637

-1,957

-32,778

-31,780

-22,720

-1,850

Amounts to reconcile net income to net cash flows provided by operating activities:
Provision for deferred income taxes

26,559

3,549

2,678

7,087

1,100

1,599

1,526

5,286

1,779

-52,137

-371

58

-187

42

877

863

-1,461

-8,544

-5,547

485

-241

-3,616

-1,173

-18

-1,070

-12,646

-7,391

-2,386

-67,107

-7,504

-16,964

10,884

4,479

2,925

-602

4,422

-1,346

-14,913

-12,216

23,102

1,458

Depreciation and amortization

53,345

53,287

53,998

53,553

53,009

31,221

30,994

29,995

28,666

28,097

28,546

27,679

27,637

27,928

26,706

26,409

28,773

28,916

28,498

28,399

28,570

28,010

28,033

28,232

28,003

27,549

27,916

29,054

32,009

37,302

30,701

30,254

32,434

34,594

32,367

29,271

29,057

27,285

25,254

25,951

27,071

Amortization of deferred financing costs

1,894

1,895

1,939

1,939

1,927

1,363

1,396

1,426

1,415

1,442

1,391

1,304

1,263

1,216

1,215

1,216

1,216

1,328

1,323

1,458

1,396

1,427

1,695

1,416

1,421

1,443

1,415

1,477

1,165

1,079

1,406

1,211

1,212

1,222

1,261

1,326

1,309

1,337

1,339

1,324

1,314

Credit loss on held-to-maturity securities

5,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,707

2,754

3,274

3,273

3,207

3,744

3,593

3,593

3,446

3,447

3,307

3,306

3,173

3,173

3,043

3,045

2,920

2,920

2,802

Impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,310

0

0

2,890

-

-

-

-

1,619

122

1,654

132

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sales of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-727

-149

161

-201

-899

-59

-268

-13

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100

1,199

Loss on repurchase of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-60

-20,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,301

544

-

-

-

-

-

-

-

-

-

-

-

-

(Income) loss from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-202

11

10

-

-2

-19

21

48

53

4

4

-255

46

3,327

-48

(Income) loss from unconsolidated joint ventures

-1,895

-

-

-

-

127,232

-985

1,346

-2,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

761

152

173

491

0

190

-73

Stock-based compensation expense

2,230

1,971

1,901

1,935

2,026

1,832

1,895

2,006

1,923

1,686

1,741

1,644

1,569

1,534

1,532

1,513

1,549

1,576

1,525

1,466

1,591

1,556

1,489

1,447

1,281

5,154

1,771

1,955

2,680

3,856

-169

2,921

2,356

2,748

2,596

2,503

2,323

2,080

4,448

1,866

1,668

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-208

212

-

-

-

-

-

-

-

-

-

-

-

134

Changes in:
Trade receivables

8,345

-12,400

-7,365

-19,441

42,050

-14,655

901

13,341

8,733

837

-8,893

-1,258

19,016

-10,435

5,685

-8,739

6,274

-8,774

-4,705

-1,652

24,976

-14,231

3,502

-11,238

15,373

-964

-21,704

13,705

5,402

-5,026

6,175

-8,781

21,036

-7,932

894

-14,950

32,134

-8,588

1,774

-10,578

9,321

Interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,998

-2,465

3,031

-422

3,144

-5,032

3,053

-475

3,048

-4,263

2,945

-551

2,769

-484

3,138

-5,089

3,205

-1,257

3,203

-4,866

Accounts payable and accrued liabilities

-26,297

6,231

13,020

-50,557

17,632

-12,478

38,947

7,117

-11,385

-14,805

43,384

-3,129

-8,261

-1,499

19,285

-15,970

-668

-9,765

25,850

-4,904

-24,200

13,801

21,036

-10,280

-13,299

3,905

8,898

2,207

-74,405

25,692

45,726

2,500

-18,728

3,263

15,255

-11,102

-11,478

5,819

18,025

-7,224

-322

Other assets and liabilities

1,702

-4,919

12,415

-4,215

1,754

-7,214

8,412

858

-336

-4,526

5,592

1,444

-2,696

-3,939

5,309

472

-3,792

-5,953

7,684

166

2,259

-7,017

3,944

4,515

-4,519

-8,354

4,776

900

-5,847

-10,825

6,682

720

-3,320

-9,127

9,795

2,123

1,882

-12,325

12,107

-4,032

-1,116

Net cash flows provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,878

29,831

-

73,193

37,924

-46,911

47,128

50,167

65,197

13,902

70,999

43,255

47,602

-7,952

50,878

41,800

18,629

27,603

Net cash flows provided by (used in) operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

30

49

29

-4

38

13

-1

44

-2

-26

-93

-62

658

71

Net cash flows provided by operating activities

4,671

123,545

92,517

84,064

54,560

96,643

93,561

87,787

43,928

80,060

101,862

75,587

38,321

94,485

72,214

73,629

53,273

83,447

75,359

71,767

7,489

-

-

-

-

73,399

73,208

37,954

-46,862

47,157

50,163

65,235

13,915

70,998

43,299

47,600

-7,978

50,785

41,738

19,287

27,674

Cash Flows from Investing Activities:
Purchases of property and equipment

43,168

42,938

40,529

20,201

48,873

55,413

37,451

47,765

47,588

55,417

47,676

41,762

37,710

33,420

28,679

42,638

13,240

16,463

24,534

20,163

18,655

7,649

14,955

18,289

17,484

13,375

8,403

5,042

10,139

17,044

19,401

29,054

29,734

38,748

32,431

23,916

37,497

84,714

90,078

12,122

7,733

Proceeds from sale of Peterson LOI

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,785

0

0

0

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collection of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,610

0

2,870

0

0

0

2,465

88

52

-4

4,025

Investment in other joint ventures

3,090

-

-

-

102

-

-

-

-

-

-

0

16,309

-

18,499

10,421

21,523

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in other joint ventures

-

-

-

-

-

-

-

-

-

-

-

1,044

925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,094

8

7,603

501

-3,416

4,266

3,594

3,177

332

3,241

-9,509

1,612

4,074

7,549

724

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-1,004

-779

-2,518

2,155

127

1,776

-735

2,671

4,215

5,465

485

1,888

1,766

-3,276

-2,923

325

1,575

2,410

-2,193

-2,793

2,453

-

-

-

-

-210

-1,741

-217

-9

-4,498

-427

-46

-378

354

-19

-613

-1,570

-18

0

115

-245

Net cash flows used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,132

-7,975

-

-10,736

-12,374

-10,854

187,914

-17,364

-29,008

-26,486

-39,102

-32,412

-23,303

-33,462

-84,608

-90,026

-12,241

-3,463

Net cash flows used in investing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

-38

-1,422

0

Net cash flows used in investing activities

-45,254

-59,159

-42,968

-11,808

-49,102

-280,768

-36,355

-54,384

-51,803

-61,006

-53,011

-44,694

-56,710

-48,075

-40,911

-53,392

-37,156

-19,374

-18,925

-21,636

-14,702

-

-

-

-

-14,777

-10,736

-12,374

-10,854

187,914

-17,364

-29,008

-26,486

-39,102

-32,412

-23,303

-33,462

-84,608

-90,064

-13,663

-3,463

Cash Flows from Financing Activities:
Net borrowings under revolving credit facility

400,000

-223,000

-306,000

-6,000

10,000

255,000

18,500

24,000

56,500

24,500

6,000

-275,900

34,000

15,500

-7,000

13,500

54,000

-11,500

-22,600

-417,000

171,000

59,500

227,000

-206,000

-3,500

-23,500

70,000

-291,000

209,000

-120,000

110,000

-30,000

-15,000

-

-

-

-

-

-

-

-

Early redemption of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

152,180

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under term loan B

-

-

-

-

-

-

-

-

-

1,250

1,250

390,250

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under term loan A

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,000

-1,000

-1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Gaylord Rockies construction and mezzanine loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

154,681

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,883

25,082

Deferred financing costs paid

106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222

121

15,373

22

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of Company stock for retirement

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

24,811

-

-

-

-

-

-

-

-

0

0

44,352

55,676

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends

50,078

46,309

46,313

46,304

44,420

43,646

43,659

44,110

41,000

40,966

40,952

40,888

38,900

38,260

38,252

38,215

36,433

35,901

33,334

33,314

28,756

28,062

27,963

27,930

25,459

25,262

25,339

25,823

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

415

1,015

743

3,810

1,231

1,078

17

61

890

4,255

13,331

5,172

3,601

3,232

553

82

141

4,052

23,778

622

1,294

381

Payment of tax withholdings for share-based compensation

1,631

24

89

63

3,813

43

350

3,169

602

35

6

28

3,741

85

63

166

2,921

53

1

29

3,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-208

212

-

-

-

-

-

-

-

-

-

-

-

134

Other financing activities

-91

-94

-7,255

5,501

1,605

6

-5

-4

-6

32

-5

-5

23

412

138

226

907

1,772

-56

-160

-157

-155

-161

-147

-137

-166

-157

-162

-195

-191

-191

-186

-187

-183

-136

-43

-42

-1,503

348

-1,086

-186

Net cash flows provided by (used in) financing activities

346,844

196,551

-59,184

-49,978

-7,731

208,817

-26,769

-25,170

14,892

-17,719

-36,261

-19,291

-9,618

-23,433

-46,177

-26,655

-15,258

-48,122

-57,413

-61,811

-16,196

-

-

-

-

-49,133

-54,782

-26,028

5,394

-162,131

-38,073

-26,585

-11,955

370

-110,128

98

4,010

22,275

970

-1,809

-24,753

Net cash flows used in financing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Net cash flows used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,320

-28,018

-

-54,782

-26,028

5,394

-162,131

-38,073

-26,585

-11,955

370

-110,128

98

4,010

22,275

970

-1,809

-24,753

Net change in cash, cash equivalents, and restricted cash

306,261

260,937

-9,635

22,278

-2,273

24,692

30,437

8,233

7,017

1,335

12,590

11,602

-28,007

22,977

-14,874

-6,418

859

15,951

-979

-11,680

-23,409

-203,125

201,690

22,426

-6,162

9,489

7,690

-448

-52,322

72,940

-5,274

9,642

-24,526

32,266

-99,241

24,395

-37,430

-11,548

-47,356

3,815

-542

Term Loan B
Repayments under term loan B

1,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gaylord Rockies [Member]
Borrowing under Gaylord Rockies term loan

-

-

-

-

28,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-